Euro Stoxx 50 – Roumazeilles.net https://www.roumazeilles.net/news/en/wordpress Technology opinions and others Wed, 30 Jan 2008 18:57:47 +0000 en-US hourly 1 3 days of Société Générale https://www.roumazeilles.net/news/en/wordpress/2008/01/30/3-days-of-societe-generale/ https://www.roumazeilles.net/news/en/wordpress/2008/01/30/3-days-of-societe-generale/#respond Wed, 30 Jan 2008 18:54:59 +0000 https://www.roumazeilles.net/news/en/wordpress/2008/01/30/3-days-of-societe-generale/ IndexesAs a complement of my previous post about the Stock markets Krach and Société Générale (“Société Générale nearly crashed the world Stock Exchange“), I wanted to provide the exact figures about the very heavy operations forced by the French bank onto the markets (closing the outstanding contracts) during the first 3 days days of last week. These activities furiously pushed the European markets down. When you look at the figures, you understand the impact they had.

Contracts sold by
Société Générale		 Total volume of
EuroStoxx 50, DAX,
FTSE 100 futures		 Ratio to
total volume
21 Jan 317,600 4,135,100 7.6%
22 Jan 337,000 5,227,000 6.4%
23 Jan 237,100 4,271,600 5.5%

Of course, when a single operator must sell -with no price limit- more than 5% of the total market volume, you can easily imagine that panic spread quite quickly.

Source: International Herald Tribune.

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